When Does a Small Business Become a Medium Business? 

Since 2000, the number of SME employers has grown by 30%, indicating that more small businesses are hiring staff members. But scaling is not just about having larger teams. If you’re unsure what an SME must achieve to ‘graduate’ to the next business classification bracket, you can find a basic threshold below. 

  • Microbusinesses typically have an annual turnover of under £ 2 million. 
  • Small businesses have an annual turnover of under £ 10 million.
  • Medium-sized businesses have an annual turnover of under £ 50 million and less than 250 employees.